Elon Musk's Tesla Shanghai To Make 300K Cars By Jan-Sept: Report
$Tesla Motors$'s Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, Reuters reports, citing unidentified sources.What Happened: According to the report, the plant has seen a delivery rush at the end of the July-September quarter despite the global semiconductor shortage.Around 240,000 vehicles were shipped from the factory in the first eight months.Reuters quoted an official in the area saying the factory is expected to produce 450,000 vehicles this year,
So, Apple is having a bad year, you say?With shares hitting an all-time high this week and the gap in performance narrowing over the past month, that conversation can now be put to rest.The uptick has coincided with reports Apple has boosted the production rate of its iPhones, instructing manufacturers to build 90 million iPhones this year, a 20% increase on the 75 million units it produced last year.The renewed optimism in all things Apple is not surprising to J.P. Morgan’s Samik Chatterjee. T